Viasat Faces Another Satellite Malfunction Within A Month: What's Going On?
Portfolio Pulse from Lekha Gupta
Viasat Inc (NASDAQ:VSAT) reports another malfunction of its satellite, Inmarsat-6 F2 (I6 F2), within a month. The company and the satellite's manufacturer, Airbus SE (OTC:EADSY), are investigating the cause. Despite the malfunction, Viasat does not expect the incident to materially impact the FY24 outlook for revenue and Adjusted EBITDA growth. The company's shares closed lower by 2.04% at $26.88 on Thursday.
August 25, 2023 | 10:29 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Airbus, the manufacturer of the malfunctioning satellite, is working with Viasat to investigate the cause. This could potentially impact Airbus's reputation and stock price.
As the manufacturer of the malfunctioning satellite, Airbus's reputation could be at stake. This could potentially lead to a negative sentiment among investors and a drop in the stock price. However, the extent of the impact would depend on the outcome of the investigation.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Viasat's second satellite malfunction within a month could raise concerns among investors, potentially impacting the company's stock price. However, the company does not expect this to affect its FY24 outlook.
The repeated satellite malfunctions could raise concerns about Viasat's operational efficiency and reliability, potentially leading to a negative sentiment among investors and a drop in the stock price. However, the company's assurance that this will not impact its FY24 outlook might mitigate some of these concerns.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100